A draft communique from the first-ever BRIC summit calls for a diversified and stable currency...

|By:, SA News Editor

A draft communique from the first-ever BRIC summit calls for a diversified and stable currency system, but makes no direct challenge to the dollar as the global reserve currency. After Russia's recent flip-flop, analyst Kathy Lien says the BRIC statement could set the tone for the dollar in coming days. Recently, euro +0.7%. Yen +1.6%. Pound +0.8%.